Navigating the Precarious Path of Economic Turmoil: The Safe Haven of Precious Metals | Silver Savior
In light of the ever-intensifying economic landscape, I find it essential to provide you, my fellow stewards of sustainability, with a sobering but critical analysis.
As of this Thursday, April 25, 2024, we stand at a precipice, with the US debt markets teetering and the US economy clutched by seemingly invisible hands steering us towards deliberate destruction.
In an era when our currency’s purchasing power plummets, my weekly discourse will embark upon a journey of enlightenment across several market terrains—financial, housing, automobile, employment, and critical economic factors—with a magnifying glass on the gold and silver physical markets;please join me now.
As a survivalist devoted to preserving wealth amidst the chaos, my scrutiny begs attention to the current spot market prices – gold at $2,315.28 per ounce, silver at $27.119, platinum at $902.26, and palladium at $992.72. The US 10-year Bond Yield stands at a nerve-wracking 4.649%, highlighting the burgeoning burden that our nation faces in servicing its escalating debt. Bitcoin, the digital contender, marks its territory at $64,315.34, while US Crude Oil steadies itself at $82.93, all reflective of an economy on the brink of a liquidity crisis.
Debt, a necessary evildoing in the modern economy, has reached unsustainable levels, and servicing this behemoth now requires the US government to engage in exponentially increasing borrowing. Such reckless financial navigation signals inevitable fallout—a collapse of the US Debt market appears not just a wild theory but a looming eventuality. Herein lies the power of shifting towards tangible assets. Gold and silver, unyielding to the whims of interest rates and monetary policies, offer an anchor against the storm.
The decline of the money supply indicator juxtaposed against the increased velocity of money ratio—from 1.128 in 2020 to 1.361 now—is telling. It depicts the rapid rate at which money is exchanging hands, a phenomenon often entwined with inflationary pressures. As dollars chase goods with ever-desperate fervor, the case for acquiring physical gold and silver, as well as pre-1964 coins, elevates from precaution to necessity.
The distortion of market outcomes through manipulation is no secret in the political arena. While the US and Western economies profess adherence to free-market tenets, the reality is far from it.
Unrestrained financial interventions have skewed the markets, creating an artificially inflated balloon that threatens to burst under the slightest pricks of true market pressures. This distortion has initiated an asset migration—the smart money is careening towards solid, intrinsic-value assets.
Beyond their allure, gold and silver stand firm as safeguards against imminent collapse. Their innate stability is unparalleled when we gaze upon the volatile landscapes of fiat currencies and stocks. Physical ownership of precious metals shines as a beacon of hope, a solid fortress amidst the crumbling ramparts of the debt-based monetary system. And let’s not underestimate the historical stability of gold and silver, which have outlived empires, currencies, and countless financial crises.
But the road to wealth preservation is not merely paved with gold and silver; it’s also lined with practicality and foresight. In the aftermath of an economic collapse, survivalists must possess precious metals and have contingency plans for basic needs—food, water, shelter, and energy sources. It’s about adopting a comprehensive approach to withstand the shocks of a faltering economy.
Another critical aspect is education. Understanding the markets and the underlying forces at play is paramount. An educated decision can mean the difference between prosperity and ruin in today’s economy. By following my articles, you’ll gain insights into the treasure-trove opportunities of buying gold and silver at competitive premiums and safeguarding against the eroding influence of inflation on your hard-earned wealth.
Moreover, consider the versatile uses of silver, which extends beyond mere currency to industrial applications—its demand speaks volumes of its value retention. Hence, investing in silver not only accrues wealth but capitalizes on an asset with burgeoning industrial significance.
As for junk coins, they represent a forgotten treasure, often overlooked amid shinier prospects. Yet, they are a tangible piece of ‘conflict-free’ metal, unburdened by the complex ethical considerations that sometimes accompany newly mined metals.
In political turbulence, with geopolitical strife shaping markets, precious metals are a testament to enduring value. One must recognize the cycles of history, showing time and again how such assets have served as monetary lifelines.
In conclusion, surviving the likely eventuality of economic collapse demands savvy, grit, and a return to the basics—tangible, reliable assets. Shift from the ephemeral to the enduring. Fortify your hedge against inflation. Above all, prepare thoroughly for tomorrow, which, though uncertain, can be navigated with the right tools at our disposal.
Personal note. This is real and is happening. Time seems to be moving faster because changes are evolving at a rate never experienced by mankind before. People are talking about the collapsing economy, but that was yesterday’s news. The economy has collapsed, and we are experiencing that uncomfortable calm before the storm of recognition. Take steps now to improve your odds of at least surviving what is coming our way. To this end, I dedicate my work and knowledge to shining some light on what surely will be a dark path for many.
Be not deceived – be prepared ~ Silver Savior
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* Note: We are not giving advice; we only give our opinion; we are not financial advisors. This article only represents our thoughts about the economy.
